Common use of Policy Reforms Clause in Contracts

Policy Reforms. Commencing from the cropping season of 2007, the Borrower shall set the mandatory state procurement quota for cotton and wheat in the Project Districts not exceeding 25% of the long-term average actual production achieved during 2001–2005 to be expressed in tons for each Project District. The Borrower shall ensure that the farmers maintain their right to sell to the Borrower their over-quota production.

Appears in 2 contracts

Sources: Loan Agreement, Loan Agreement